Executive Wealth Management LLC Invests $443,000 in TC Energy Co. (NYSE:TRP)

Executive Wealth Management LLC acquired a new stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) during the third quarter, HoldingsChannel reports. The fund acquired 9,324 shares of the pipeline company’s stock, valued at approximately $443,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRP. Signaturefd LLC boosted its holdings in TC Energy by 1.6% during the second quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock worth $621,000 after buying an additional 261 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after buying an additional 267 shares during the period. Windsor Advisory Group LLC increased its position in shares of TC Energy by 2.5% in the 1st quarter. Windsor Advisory Group LLC now owns 12,831 shares of the pipeline company’s stock valued at $516,000 after buying an additional 316 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of TC Energy by 1.9% during the first quarter. Mount Yale Investment Advisors LLC now owns 19,873 shares of the pipeline company’s stock worth $799,000 after purchasing an additional 364 shares during the period. Finally, Stableford Capital II LLC lifted its holdings in shares of TC Energy by 1.4% during the 2nd quarter. Stableford Capital II LLC now owns 30,272 shares of the pipeline company’s stock valued at $1,213,000 after purchasing an additional 422 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TRP shares. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a report on Monday, September 30th. StockNews.com assumed coverage on TC Energy in a research note on Saturday, October 5th. They issued a “hold” rating on the stock. Finally, Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, TC Energy currently has an average rating of “Hold” and a consensus target price of $48.50.

TC Energy Stock Down 1.9 %

NYSE TRP opened at $48.76 on Friday. The company has a market cap of $50.61 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 4.00 and a beta of 0.81. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.22. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 1.57. The company has a 50 day moving average of $46.64 and a 200-day moving average of $42.28.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.83 billion. On average, equities research analysts expect that TC Energy Co. will post 3.02 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.822 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a yield of 6.74%. TC Energy’s dividend payout ratio (DPR) is 116.80%.

TC Energy Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.